American Farmland Co (AFCO) Trading Up 6%
American Farmland Co (NASDAQ:AFCO) was up 6% on Monday . The company traded as high as $6.20 and last traded at $6.18, with a volume of 81,917 shares trading hands. The stock had previously closed at $5.83.
Separately, Zacks Investment Research upgraded shares of American Farmland from a “sell” rating to a “hold” rating in a research note on Monday, August 8th.
The company’s market cap is $103.22 million. The firm’s 50 day moving average price is $5.98 and its 200 day moving average price is $6.22.
American Farmland (NASDAQ:AFCO) last issued its quarterly earnings results on Monday, August 15th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.04. The firm earned $3.08 million during the quarter, compared to the consensus estimate of $3.19 million. American Farmland’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities analysts predict that American Farmland Co will post ($0.04) EPS for the current year.
American Farmland Company is an internally managed real estate company. The Company owns a portfolio of farmland, consisting of mature permanent, specialty/vegetable row and commodity row crop farms, including farmland in development, located in select major agricultural regions in the United States.
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